Sheffield Local Optometric Committee

Treasurer’s Report 2009-2010

SHEFFIELD LOCAL OPTICAL COMMITTEE.
TREASURER’S REPORT
2009-2010

Once again the LOC members have been very active.

The finances are in good shape.

Income, almost entirely from the statutory levy, is up slightly on last year from £25,748 to £28,101. An increase of £2,353.

The statutory levy remains unchanged at 1%, of which 0.5% is forwarded to LOCSU.

Expenses are similar to last year at £30,147 (‘09) and £30,781 (‘10). This includes a payment to LOCSU of £14,049.

Our main account is now online so payments have been made direct to accounts, which streamlines the process.

We have reserves of £24,765 after the LOCSU payment has been taken into account, similar to last year.
I therefore suggest we keep the statutory levy at 1% for the coming year.

Sometime in the coming year we should revisit reinstating the voluntary levy which funds the Central LOC Committee. They do have a website now (http://www.centralfund.org.uk). However, it is rather uninformative. They have not taken on my suggestion, at the NOC last year, of finding a good website designer.
I feel that they will have to move into the 21st century to be taken seriously.

G R Cowley

LOC Treasurer
17/5/2010

« Back to the archives

Next Meeting:

Copthorne Hotel
Bramall Lane
Sheffield
S2 4SU

at 7.00pm Monday 4th December

Mailing List

Join our mailing list